Tax cuts, help to buy and stamp duty: Key takeaways from the Conservatives’ general election manifesto
Sign up for the View from Westminster email for expert analysis straight to your inboxGet our free View from Westminster emailRishi Sunak has unveiled the Conservatives’ general election manifesto – here we round up some key of the takeaways. Sunak is appealing to ‘white van man’In a manifesto of few surprises one stood out – to abolish national insurance for the self-employed within five years. For employees, the Tories also pledged a further 2p cut to NI, following on successive 2p cuts at the autumn statement and spring budget. Making the self-employed exempt is expected to affect around four million people. The manifesto also promises no increases to income tax, NI or VAT and to scrap capital gains tax for landlords who sell properties to their tenants.And trying to appeal to would-be homeowners In an effort to help people get on the property ladder the document promises a “new and improved” Help to Buy scheme. To run for three years, it would be available to those buying new-builds, worth up to 20 per cent of a property’s value and would help buyers purchase with a 5 per cent deposit. The Conservatives have also said they will abolish stamp duty on houses up to the value of £425,000. Prime Minister Rishi Sunak and wife Akshata Murty at the launch of the Conservative Party General Election manifesto at Silverstone (James Manning/PA) More